NAB expects Australia’s agribusiness sector to invest more in Farm Management Deposits (FMDs) to manage risk and build business resilience amid rising farm input costs and interest rate movements.
NAB Executive Regional and Agribusiness Julie Rynksi.
Data released in NAB’s Regional and Agribusiness Horizons Report shows agribusinesses deposited 20.6 percent more into transactional accounts year-on-year from March 2021 to March 2022.
NAB Executive Regional and Agribusiness, Julie Rynski, said the high levels of business deposit growth shows that farmers are now making big decisions…
